21 Days
Source:
السبيل
Awqaf Funds Lower Murabaha Rate to 3.5%
The Endowments, Religious Affairs, and Jerusalem Affairs Council has decided to reduce the profit rate on Murabaha and Ijara-financing ending with ownership for public sector employees, security personnel, retirees, and staff of government-owned companies until the end of 2026. According to the decision, the profit rate on real estate and land financings has been set at 3.5%, including insurance, with the aim of supporting beneficiaries and facilitating access to financing.
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